Funding you earn now, next payment 04:00 UTC+0.1206%/8h= +132.1% APRnext payment +$6.03 per $10,000 · paid last 24h +0.139%
Price spread now: Binance against HTX−0.150%7-day average −0.017% · you buy dearer than you sell
Net, funding: paid 7d − costs−$43as in the Funding arb table
Net, price: spread back to 7d avg − costs−$63as in the Price arb table
costs, in and out, $10k−$500.499% of the position
Funding, last 7 days+0.066%+$7 on $10k
+Price spread, last 4 days (all we have)+0.082%+$8 · spread now −0.150%, 7d avg −0.017%
=Funding pays, the price is against you. Binance is 0.134% cheaper against HTX than usual: you would sell low and buy high (spread −0.150% now, against its 7-day average of −0.017%). If the spread goes back, that is −$13 on $10k: about 9 hours of funding at the current rate (+$36 a day). At the pace of the last 7 days (+0.066% in total) that is about 14 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.066% in total (about 3.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$6.03 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | HTX ZHIPU-USDT | 96.720 | 0.0934 | pay 0.0467% / 4h | 37m 41s | $17K | $324K | 20x |
| Short | Binance ZHIPUUSDT | 96.575 | 0.2140 | get 0.1070% / 4h | 37m 41s | $22.6M | $59.2M | 25x |
HTX ZHIPU-USDT
Binance ZHIPUUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against HTX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $253.31
- Price spread: −0.150% → −0.017%
- −$13.36
- Slippage, 4 orders
- −$27.87
- Fee HTX: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- $190.08
- Costs to cover
- 0.499%
- Break-even
- 1.7 days
Slippage from HTX: live order book, 20 min ago; Binance: live order book, 5 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy HTX live order book, 20 min ago | 5.62 bp | 17.3 bp −$17 | 37.5 bp −$375 | doesn't fit | doesn't fit |
| Sell Binance live order book, 5 min ago | 3.09 bp | 10.9 bp −$11 | 22.5 bp −$225 | 133.6 bp −$13.4K | doesn't fit |
ZHIPU on 17 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX ZHIPU-USDT | 0.0000% | 4h | 96.920 | +0.207% | $2K | $842K | 10x | as long as short |
| SoDEX ZHIPU-USD | +0.0050% | 1h | 96.780 | +0.062% | $34K | $3K | 10x | as long as short |
| Nado ZHIPU-PERP | +0.0100% | 1h | 96.686 | −0.035% | $27K | $3K | 3x | as long as short |
| Orderly PERP_ZHIPU_USDC_mythos | +0.0100% | 8h | 96.780 | +0.062% | $571 | $798 | 10x | as long as short |
| Aevo ZHIPU-PERP | +0.0240% | 1h | 96.837 | +0.121% | — | — | 10x | as long as short |
| Gate ZHIPU_USDT | +0.0293% | 8h | 96.750 | +0.031% | $3.0M | $11.4M | 50x | as long as short |
| Ondo Perps ZHIPU-USD.P | +0.0490% | 1h | 97.020 | +0.310% | $36K | $20K | 5x | as long as short |
| Aster ZHIPUUSDT | +0.0715% | 8h | 96.910 | +0.197% | $50K | $52K | 20x | as long as short |
| Lighter ZHIPU | +0.0784% | 1h | 96.690 | −0.031% | $102K | $20K | 10x | as long as short |
| HTX ZHIPU-USDTlong | +0.0934% | 4h | 96.720 | long leg | $17K | $324K | 20x |
SunX ZHIPU-USDT
SoDEX ZHIPU-USD
Nado ZHIPU-PERP
Orderly PERP_ZHIPU_USDC_mythos
Aevo ZHIPU-PERP
Gate ZHIPU_USDT
Ondo Perps ZHIPU-USD.P
Aster ZHIPUUSDT
Lighter ZHIPUShow all 17 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| tradeXYZ xyz:ZHIPU | +0.1162% | 1h | 96.619 | −0.104% | $27.2M | $7.1M | 10x | as long as short |
| Bitget ZHIPUUSDT | +0.1504% | 8h | 96.680 | −0.041% | $1.9M | $3.9M | 20x | as long as short |
| KuCoin ZHIPUUSDTM | +0.1518% | 4h | 96.730 | +0.010% | $40K | $124K | 20x | as long as short |
| OKX ZHIPU-USDT-SWAP | +0.1828% | 8h | 96.760 | +0.041% | $5.6M | $16.1M | 25x | as long as short |
| Binance ZHIPUUSDTshort | +0.2140% | 4h | 96.575 | −0.150% | $22.6M | $59.2M | 25x | |
| Bybit ZHIPUUSDT | +0.2453% | 8h | 96.680 | −0.041% | $301K | $1.4M | 25x | as long as short |
| edgeX ZHIPUUSDC | +0.2511% | 4h | 96.911 | +0.198% | $19K | $150K | 10x | as long as short |
tradeXYZ xyz:ZHIPU
Bitget ZHIPUUSDT
KuCoin ZHIPUUSDTM
OKX ZHIPU-USDT-SWAP
Bybit ZHIPUUSDT
edgeX ZHIPUUSDC